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Everything You Need to Know About RMDs (Required Minimum Distributions)

Everything You Need to Know About RMDs (Required Minimum Distributions)

FromReady For Retirement


Everything You Need to Know About RMDs (Required Minimum Distributions)

FromReady For Retirement

ratings:
Length:
33 minutes
Released:
Jun 27, 2023
Format:
Podcast episode

Description

Required Minimum Distributions work differently depending on the type of account. How can you most effectively plan for them? Today we're talking through everything you need to know about RMDs so you can understand their nuances and create a plan to best address them.Questions Answered:At what age do you need to take an RMD?What accounts do you have to take an RMD on?Timestamps:0:00 Intro2:59 At what age do you need to take out an RMD?4:19 How much is the RMD going to be?7:40 What accounts do you have to take an RMD on?9:25 Basic rules11:26 Spouse and non-spouse inherited IRAs16:11 Extra benefit20:07 Exceptions to the rules23:54 Keep this in mind25:55 Example32:26 OutroCreate Your Custom Strategy ⬇️ Get Started Here.
Released:
Jun 27, 2023
Format:
Podcast episode

Titles in the series (100)

Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!